DIPP Map­ping In­cu­ba­tion Cen­tres for En­trepreneurs

Govt to rope in pri­vate sec­tor & states to build ca­pac­i­ties

The Economic Times - - Economy: Macro, Micro & More - Ruchika.Chi­tra­van­shi@ times­group.com

New Delhi: Flooded with over 400 calls a day at the re­cently launched Startup Hub, the govern­ment is scal­ing up big time to deal with the del­uge of bud­ding en­trepreneurs. The de­part­ment of in­dus­trial pol­icy and pro­mo­tion (DIPP) has started map­ping in­cu­ba­tion cen­tres across the country to ex­tend help to busi­ness ideas. The govern­ment will also en­gage the pri­vate sec­tor and state govern­ments in build­ing in­cu­ba­tion ca­pac­i­ties for young en­trepreneurs.

“This is the ba­sic re­quire­ment for any startup to take off…right now, all such cen­tres are con­cen­trated in IITs or cities such as Ben­galuru, Hy­der­abad, Delhi NCR, which is a lim­i­ta­tion,” a se­nior govern­ment of­fi­cial said. The DIPP is as­cer­tain­ing state-wise ca­pac­i­ties of in­cu­ba­tion to take up the startup move­ment in tier-II and III cities, and fo­cus es­pe­cially on the north east­ern states of In­dia. As part of the Startup In­dia ac­tion plan an­nounced by Prime Min­is­ter Naren­dra Modi, the govern­ment plans to cre­ate sec­tor-spe­cific in­cu­ba­tors un­der the Atal In­no­va­tion Mis­sion along with 500 tin­ker­ing labs to pro­mote en­trepreneur­ship, pro­vide pre-in­cu­ba­tion train­ing and a seed fund for high growth star­tups. The NITI Aayog is for­mu­lat­ing guide­lines for im­ple­ment­ing the Atal In­no­va­tion Mis­sion.

The pri­vate sec­tor is pro­posed to be roped in big time. “We are go­ing be­yond what has al­ready been an­nounced…Govern­ment may not have the re­quired ex­per­tise to pro­vide the in­cu­ba­tion fa­cil­i­ties. We are dis­cussing ways to in­volve the pri­vate sec­tor in this ex­er­cise,” the of­fi­cial said.

The idea is to use in­cu­ba­tion cen­tres as com­mer­cial propo­si­tion or part of cor­po­rate so­cial re­spon­si­bil­ity to en­gage the pri­vate com­pa­nies. Be­sides, the govern­ment will also iden­tify 10 in­cu­ba­tors, eval­u­ated on pre-de­fined key per­for­mance in­di­ca­tors and give them .₹ 10 crore each as fi­nan­cial aid to ramp up their in­fras­truc­ture.

The DIPP re­cently launched the startup hub along with the startup por­tal and mo­bile app to pro­vide a sin­gle point con­tact for the en­tire startup ecosys­tem. The por­tal will en­able star­tups to avail all the tax ben­e­fits an­nounced in the startup ac­tion plan. Some of the in­cen­tives an­nounced in­clude a tax hol­i­day and ‘in­spec­tor raj’-free regime for three years, cap­i­tal gains tax ex­emp­tion and Rs 10,000 crore cor­pus for fund­ing of star­tups. To re­duce the reg­u­la­tory bur­den on star­tups, a self-cer­ti­fi­ca­tion scheme in re­spect of nine labour and en­vi­ron­ment laws has also been ini­ti­ated by var­i­ous govern­ment de­part­ments.

DIPP to take up the startup move­ment in tier-II & III cities and fo­cus on NE

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